Drawing PRESSURE PROBLEM Calculate the WACC for the following firm: o Debt: 3000 bonds with a 6 percent coupon rate and a quoted price of 94.5%. the bonds have 20 years to maturity. o Common stock: 130,000 shares of common stock. The dividends have growth rate of 5 percent, the current price is $40 and the dividend next year will be $3.00. The beta of the stock is 0.9. o Preferred stock: 10,000 shares of 6 percent preferred with a current price of $80. o Market: the corporate tax rate is 35 percent, the expected return on the market is 13%, and the risk free rate is 7%